EOG Resources Inc. (NYSE:EOG)’s share price traded down 2.8% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $89.66 and last traded at $90.04, with a volume of 1,839,728 shares. The stock had previously closed at $92.61.

Specifically, Director Frank G. Wisner sold 2,026 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $92.65, for a total value of $187,708.90. Following the sale, the director now directly owns 113,125 shares in the company, valued at $10,481,031.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael P. Donaldson sold 8,473 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $91.00, for a total value of $771,043.00. Following the completion of the sale, the executive vice president now owns 66,566 shares in the company, valued at $6,057,506. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on the company. Simmons reiterated an “overweight” rating and issued a $109.00 target price (up from $103.00) on shares of EOG Resources in a research report on Friday, September 9th. Royal Bank Of Canada boosted their target price on EOG Resources from $95.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 7th. Deutsche Bank AG reiterated a “buy” rating and issued a $108.00 target price (up from $105.00) on shares of EOG Resources in a research report on Wednesday, September 7th. Jefferies Group boosted their target price on EOG Resources from $84.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, September 7th. Finally, Credit Agricole SA boosted their target price on EOG Resources from $93.00 to $98.00 and gave the stock an “underperform” rating in a research report on Wednesday, September 7th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $91.96.

The stock’s market capitalization is $49.49 billion. The stock has a 50-day moving average price of $90.83 and a 200 day moving average price of $82.36.

EOG Resources (NYSE:EOG) last posted its quarterly earnings data on Friday, August 5th. The energy exploration company reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.10. EOG Resources had a negative return on equity of 6.32% and a negative net margin of 72.18%. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. The company’s revenue was down 28.1% on a year-over-year basis. Equities research analysts forecast that EOG Resources Inc. will post ($1.67) earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of EOG. Mn Services Vermogensbeheer B.V. bought a new stake in EOG Resources during the first quarter worth $875,000. Aperio Group LLC raised its stake in EOG Resources by 17.7% in the first quarter. Aperio Group LLC now owns 181,941 shares of the energy exploration company’s stock worth $13,205,000 after buying an additional 27,329 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in EOG Resources by 13.9% in the first quarter. Commonwealth Equity Services Inc now owns 36,198 shares of the energy exploration company’s stock worth $2,627,000 after buying an additional 4,408 shares in the last quarter. Telemus Capital LLC raised its stake in EOG Resources by 64.4% in the first quarter. Telemus Capital LLC now owns 20,115 shares of the energy exploration company’s stock worth $1,460,000 after buying an additional 7,877 shares in the last quarter. Finally, Granite Investment Partners LLC raised its stake in EOG Resources by 2.3% in the first quarter. Granite Investment Partners LLC now owns 25,642 shares of the energy exploration company’s stock worth $1,861,000 after buying an additional 570 shares in the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

EOG Resources Company Profile

EOG Resources, Inc (EOG) explores for, develops, produces and markets crude oil and natural gas primarily in major producing basins in the United States, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom, The People’s Republic of China (China), Canada and, from time to time, select other international areas.

5 Day Chart for NYSE:EOG

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